a system of working that allows an employee to choose, within limits, the hours for starting and leaving work each day.
Also, flexitime [flek-si-tahym] .

1970–75; flex2 + time

flextimer, flexitimer, noun
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World English Dictionary
flexitime or flextime (ˈflɛksɪˌtaɪm, ˈflɛksˌtaɪm)
a system permitting flexibility of working hours at the beginning or end of the day, provided an agreed period of each day (core time) is spent at work
flextime or flextime

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1972, translating Ger. Gleitzeit "sliding time."
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
These alternatives take two forms, with some variations: flextime with credit hours and compressed work schedules.
Flextime can be offered to all employees, which is commonly done.
Other executive orders address job sharing and flextime for employees in the state personnel system.
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